News / PSA saw global container throughput grow 5.5% last year

Port of Singapore. Photo: Steve Lovegrove | Dreamstime.com

Singapore’s terminal operator PSA today reported that it handled 67.63m teu across both its international network of facilities and its flagship home terminals.

The group’s throughput represented a 5.5% increase over 2015, when it saw total volumes decline 2% year-on-year, led by an 8.7% decrease in volumes at Singapore, as south-east Asia’s major transhipment hub faced unprecedented competition from nearby ports in Malaysia amidst weak Asia-Europe trade volumes.

Chief executive Tan Chong Meng admitted that 2016 had been only a marginal improvement, ...